Futu Holdings achieves strong growth in the first quarter amid market volatility with a 67.9% YoY increase in customer payments

Main buying and selling apps Momo and Photoball had 18.1 million world customers by the tip of the quarter

Palo Alto, California.And the 6 June 2022 /PRNewswire/ — Futu Holdings Restricted (Nasdaq: FUTU) (Futu), Moomoo’s dad or mum firm, reported a robust efficiency for the quarter. March 31, 2022with 209.5 million US {dollars} (1641.0 million Hong Kong {dollars}) whole income, and 79.4 million US {dollars} (622.2 million Hong Kong {dollars}) Non-GAAP Adjusted Internet Earnings.

(PRNewsfoto/Moomoo Inc.)

Essentially the most outstanding monetary and strategic options of the primary quarter:

  • As of the tip of the quarter, the full variety of customers of moomoo and its sister model Futubull reached 18.1 million, a rise of 27.1% year-on-year;

  • The full variety of registered prospects reached 2,910.995, a rise of 48.7% year-on-year;

  • The full variety of paying prospects was 1,326,163, a rise of 67.9% 12 months over 12 months;

  • Greater than 80% of the brand new prospects who made funds within the first quarter have been from the Hong Kong Particular Administrative Area, United StateAnd the Singapore And the Australia markets, indicating the corporate’s burgeoning worldwide enterprise;

  • Sustaining buyer consistency at a excessive stage with a quarterly buyer retention fee of over 98%.

  • When it comes to enterprise service, Futu I&E had 258 IPO and IR shoppers in addition to 459 ESOP shoppers on the finish of the quarter, up 69.7% and 129.5% YoY, respectively.

  • When it comes to wealth administration, the shopper’s whole property have been reached 20.9 billion Hong Kong {dollars} Within the first quarter, a rise of 59.1% year-on-year. Futu has partnered with 64 well-known monetary establishments on the planet to supply wealth administration providers.

  • As of the tip of the quarter, Futu had obtained 50 eligible licenses (together with approvals in precept) from regulators throughout main monetary markets.

Futu Chairman and CEO Leaf Hua Li stated: “Though market sentiment remained risky within the first quarter, Futu demonstrated its resilience with upbeat highlights and development in key indicators in numerous markets. Specifically, the Enterprise Providers enterprise and Administration Our fortunes enterprise has delivered strong development.”

Futu continues to guide the business with the continued development of Hong Kong Prospects who pay

After it has confirmed itself in Hong Kong For practically ten years, Futu has led the best way within the brokerage business and now the favored Futubull app has change into a well-recognized model title for native buyers. In the meantime, the variety of paying prospects continues to develop.

Futubull’s extremely interactive on-line investor neighborhood stays the most important by quantity amongst its native friends. Hong Kong Customers spent a median of 33.4 minutes utilizing the Futubull app per buying and selling day in the course of the first quarter. There have been greater than 363,000 on common day by day Hong Kong Energetic customers within the on-line neighborhood within the first quarter, producing roughly 100,000 items of UGC content material every buying and selling day.

In the meantime, iPhoto Hong Kong A subsidiary of Futu Securities Worldwide (Hong KongLtd. has received 5 awards from HKEX, which reveals its appreciation for the corporate’s efforts in pursuit of a greater buying and selling expertise.

Futu Singapore has change into the primary on-line brokerage to achieve full membership on the Singapore Inventory Change

A 12 months after Momo first appeared in Singapore, Picture Singapore Pte. (Futu SG) has obtained main approvals for all 5 SGX memberships and PMA exempt monetary advisor standing in Singapore.

This makes Futu SG not solely the primary on-line brokerage firm in Singapore To obtain approvals in precept for full buying and selling and clearing memberships for securities and derivatives, but additionally to guide the business to attain all 5 SGX memberships. As a totally approved member of the Singapore Inventory Change, Futu Singapore can present buying and selling and clearing providers for itself and different Futu associates, creating synergies and providing a extra diversified product vary and higher providers to native buyers.

Picture is known amongst Singapore Buyers for premium fund merchandise and customised providers. Futu Cash Plus has expanded its fund product choices in Singapore To assist SGD funds, cash market funds, and dividend funds, and accomplice with 26 main worldwide monetary establishments to supply native buyers with extra choices for wealth administration. Throughout the quarter, the property of Futu Cash Plus shoppers and the variety of fund shoppers in Singapore by 93% and 95% on a quarterly foundation, respectively.

Futu has expanded its company providers in Singapore By taking part in a number of excessive profile ETF IOPs. Futu SG was commissioned by Nikko Asset Administration as taking part agent within the preliminary providing interval and listed Nikko AM – Straits Buying and selling MSCI China Electrical Autos and Future Mobility ETF (Change-Buying and selling Fund) on SGX within the first quarter. Subscribing to the ETF through Futu Singapore ranked first out there, proving the worth of Futu in enhancing native market liquidity and inspiring funding.

Moomoo is steadily gaining customers in america and debuts on Australia

Since its debut within the US in 2018, moomoo has continued to achieve the eye of lively merchants who’re searching for higher instruments to commerce like a professional – knowledgeable who takes investing significantly with the intention to acquire larger management over their monetary future.

Moomoo major customers are the retail merchants who try to study and enhance their funding methods, utilizing the instruments, information and coaching content material of the moomoo app. Moomoo broke the knowledge barrier by offering skilled information that was unique to enterprises out there to all of its customers, equivalent to free Degree 2 information and free day by day sale quantity information, to call just a few.

As of the tip of the quarter, moomoo has launched practically 2,500 on-line programs, offering content material within the types of tales, infographics, GIFs, movies, animations, reside broadcasts, and so forth., by means of which customers can study investing ideas and techniques simpler than ever earlier than. gone. In January, Momo labored with the distinguished American monetary media firm Benzinga to carry a webinar collection aimed toward serving to the general public develop skilled buying and selling expertise.

With Momo’s premium buying and selling expertise, the app was named “Greatest Buying and selling Platform” within the first quarter by FinTech Breakthrough, an impartial US market intelligence group centered on world monetary know-how innovators.

Moomoo additionally introduced its official launch in Australia on me March 08, 2022With the imaginative and prescient of enabling all buyers to develop their wealth by means of an reasonably priced but sturdy funding platform. Australian buyers can now use moomoo to commerce shares and ETFs listed on the Australian and US markets – coming quickly Hong Kong, China-shares and Singapore Markets will probably be out there.

Moomoo promotes monetary training for buyers of all ranges, placing accountable investing into follow

Elsewhere, the corporate continues to put money into training to advertise accountable investing, cultivating monetary literacy for buyers of every kind and enabling them to attain their monetary objectives.

In February, moomoo partnered with Palo Alto Training Group and LaunchFIT, two Bay Space-based academic organizations, to launch #Investeen, a marketing campaign aimed toward bettering monetary literacy and fairness investing in teenagers. As a part of the marketing campaign, moomoo participated within the launch of the paper buying and selling contest on the moomoo app, which enabled college students from greater than 20 international locations to follow buying and selling in a secure atmosphere with stimulating cash, to check drive their funding technique responsibly.

in Singaporemoomoo has partnered with SUSS Funding Group, a student-led neighborhood in Singapore College Social Sciences, to launch the inaugural Portfolio Administration Problem 2022 early this 12 months. Opponents executed trades within the US market utilizing Momo platform and up to date their portfolio weight on Momo pockets characteristic to show reside rating.

Futu stays dedicated to the imaginative and prescient of constructing investing simpler for buyers world wide

“We’re humbly happy to see the achievements within the first quarter from numerous markets, however we’ll by no means be utterly happy with making the funding out there to everybody.” Sheet has been added. “For the reason that institution of the corporate, we’ve got been dedicated to our pursuit of constructing investing simpler and never alone, by means of our technological excellence. We’ll by no means cease offering a greater buying and selling expertise for buyers world wide, to change into their trusted accomplice to make wiser choices, with the intention to join with their friends from Like-minded individuals and keep up-to-date with the world of finance.”

About moomoo

Moomoo is a subsequent technology digital monetary providers platform created by Moomoo Inc. , a monetary know-how firm headquartered in Palo Alto, California.

Moomoo integrates buying and selling, market information, and social networks with superior options, equivalent to AI-powered analytics and anomaly detection performance. It helps free on-line account opening and gives entry to buying and selling shares and ETFs in lots of world markets equivalent to United Statehong kong particular administrative area SingaporeAnd the Australia. Moomoo and its associates additionally provide wealthy academic content material for buyers and an interactive on-line neighborhood of 18 million customers in additional than 200 international locations world wide.

Moomoo’s dad or mum firm is a Nasdaq-listed fintech firm Futu Holdings Restricted (“Futu”), which is headquartered in Hong Kong. Futu can also be one of many largest brokerage companies in Hong Kong. on me March 8, 2019Futu is listed on NASDAQ (image: FUTU).

For extra info, please go to moomoo official web site at www.moomoo.com.

About Foto Holdings Ltd.

Futu Holdings Restricted (“Futu”) (Nasdaq: FUTU) is a high-tech firm remodeling the investing expertise by providing a digital platform for brokerage and wealth administration. Futu gives funding providers – together with inventory buying and selling, clearing, margin financing, wealth administration, market information and knowledge, and interactive social options for Hong Kongand US and China Join – for retail buyers by means of its one-stop digital platforms, Futubull and moomoo. Futu additionally gives worker inventory possession plan (ESOP) options and underwriting distribution providers by means of its enterprise service model FUTU I&E, with a give attention to offering worker inventory possession plans to company shoppers.

Futu goals to change into a globally influential monetary providers platform, by constructing an built-in monetary know-how ecosystem with a mission to “make investing simpler and extra collaborative.” For extra details about Futu Holdings, please go to the corporate’s official web site www.futuholdings.com.

SOURCE Futu Singapore Pte. Ltd.